Skip to main content

tv   Squawk Alley  CNBC  October 26, 2015 11:00am-12:01pm EDT

11:00 am
manhattan and "squawk alley" is live. welcome to "squawk alley" for a monday morning. post nine of the new york stock exchange. john ford is in san francisco at oracle open world with a special guest. john, good morning, take it away. >> good morning, carl. here with mark hurd, ceo of oracle. you did have a big cup of coffee. they keep take your coffee away. >> they take it away every time i bring it on. >> you're already on stage last night with intel ceo.
11:01 am
you had some announcements around that. let's drive right in to the clouds. tell me about the scale of oracle's ambition in the cloud. telling me, hey, it's going to take $2 billion a year for anybody who wants to be in the infrastructure gave. we can afford it. a lot of others can't. hp has dropped out of the public cloud game. is orrical determined to compete at every level of the cloud feature for feature? >> i think we're beyond determined, i think we are. i think we're winning. we're invested. you saw that over the past couple of years. we made investments in building up both our platform, as well as our software as a service infrastructure. our margins we've committed to in the cloud being 80% over time. as we continue to grow our revenue. our pipelines are full. last year we may have talked about the growth in our software as a service pipeline. it was huge. frankly, we've seen it grow
11:02 am
again at the same level. another almost doubling of the pipeline over a year. we'll book more bookings in the cloud this fiscal year, bookings, than anybody else in the industry. our view is we're the only company that really has a full suite of applications, platform service capability across a broad set of tools and also an infrastructure as a service portfolio. we believe we're the most complete cloud company in the industry. >> i believe on the last earnings call, you said you spent a lot on capital expenses on the cloud. that should be tappering off and margins improving. given how much amazon and microsoft say they're continuing to spend to build out cloud, how can you afford to slow down? >> think of it this way, and i'll try to use an analogy, it won't be perfect but emblematic of what we're trying to do.
11:03 am
think of building a hotel and you have to build a ro tell before you can rent a room. we've built a hotel called platform as a service. it's a big hotel across many geographies with now lots of room. our ability is to rent rooms. that cap is spent. now the question is our ability to put volume into it and scale it. we're extremely efficient. one thing about oracle, we own virtually every layer of that stack. the hardware, the operating system, database, the middle ware. our ability to drive efficiencies, the technical infrastructure that actually drives our cloud section stream and it benefits us. >> tell me about project apollo. your guys in intel working more closely together to drive customers more quickly on to your engineered systems. >> right. >> how exactly is that going to work? what do you expect the impact to be? >> it's had a positive impact.
11:04 am
we generated thousands and thousands of customers. in the product, we actually build the hardware and the software together to optimize it for oracle ip. we still have a lot of customers that are using some proprietary piece of hardware. our view is you get an advantage to get better performance, better security, at a lower cost, and that's what intel and oracle have done together. two very strong innovation engines to come together. >> earlier in the month i was out at vegas at amazon's cloud conference. they were kind of taking some direct swipes at oracle where database's concerned, they've got some new capabilities there. they say they've got this appliance, they can come in, suck the data out of the current database, put it on their appliance, fedex it to their crowd and dump it in.
11:05 am
what makes you confidence this suck your database drive plan of amazon's isn't going to work? >> for years, since i've been at oracle, every year, there is somebody with a great idea on how they're going to change the database business. frankly, the amount of innovation, the amount of r & d, the amount of depth, of features, in terms of being able to manage data, is a very, very tough business. so i think it's one of those -- i remember two or three years ago when there was an applications company that was going to, now, get into the database business who subsequently we haven't heard much from. this is sort of a recurring -- i don't remember their name but it might have been. a sort of recurring theme. if you look over the part 20 years, the most popular segments of the software business have been erp and database. that's the reason you get so much excitement. it's why you hear oracle talk
11:06 am
about the fact we now have 1350 erp customers in the cloud because erp is such an exciting part. that's why you hear this rhetoric. >> larry said on stage last night a whole different set of major competitors you see in the cloud. he said ibm and emc, who used to be the infrastructure giants, he says used to be, no longer relevant. is tying up with dell going to make emc relevant again? >> i think first to larry's point last night, he's right. the competitors we talked about five years ago are not the competitors we talk about today. the industry has shifted. i think it's one of the reasons why you see in terms of consolidation in the industry. complex, complicated. they've got a lot of work to do to get it right, to get in the market and compete. i think the biggest thing for us is to take care of our business, which is to execute our strategy. at this open world, this is really the culmination of multiple years of our strategy. we now have virtually all of our
11:07 am
software that was on premise now rewritten and redone and available in the cloud. this is the manifestation of. in fact, probably 150 product releases in week. and it really is giving us the most complete. if you haven't done that work, it's hard to catch up. it's really hard to catch up. >> you certainly do know m & a. you've done a lot of it. you're going to buy hp's enterprise business? >> i usually don't comment on m & a. we're not doing that though. >> okay. there are rumors out there of course. seemingly a lifetime ago, you were at hp. before you were there, carly fiorina was there. she's running for president. she's going to be on stage at the republican debate we're having on wednesday. you think she'd make a good president? >> i don't comment about politics. i comment less on that than i do m & a, john. >> i'm not even going to get
11:08 am
that. we're not doing that. i see. what should we expect in the days ahead at this conference in terms of the shots that others have fired at orrical? amazon trying to say it's a two-horse race, at least on platform, between amazon and microsoft. are you refuting that? >> well, certainly refute that. i think to the view of -- i think it's less for us about taking shots and more for us at executing. we have the most complete strategy in history. when you look at our cloud. they are large. and they are the highest now in the industry. i think in the end it's easier to compete with execution and showing up by getting things done, manifesting itself eventually in numbers than it is at taking shots at anybody. >> all right, oracle holding firm to its strategy in the
11:09 am
cloud. >> we often get fighting words from oracle and that's what we get this week. let's check on the markets. dow is still down about 15 points. some of that is apple. although we should mention goldman sachs is contributing about 15 points to the upside on an upgrade there. muted start to the week. we have a fed meeting of course in the middle of the week. we're gearing up for the busiest two weeks of earnings. the dow is down by just about a tenth of 1%. so is the s&p 500, hanging into the green by just about 11 points. we do have some deal news today. if you take a look at what we've seen so far. ice is buying interactive data corps. it's a private equity owned deal. then we have a big real estate deal, piedmont nat gas and pep boys. up about 23%. then apple, which is duke slightly today. it is of course reporting earnings later this week. the stock is down about 2.5%.
11:10 am
we will see what cara swisher has to say about what we should look for in earnings. >> joining us in a few moments. when we come back, twitter's former ceo, he left the company last year, he'll join us for an exclusive interview. plus, at post nine, we'll talk some yahoo!, we'll get the take on steve jobs the movie and of course the company apple and we'll take you to fifth avenue in new york. the new flagship store on fifth avenue. in less than 30 minutes. the crowds are there. when "squawk alley" continues. the only way to get better is to challenge yourself,
11:11 am
11:12 am
and that's what we're doing at xfinity. we are challenging ourselves to improve every aspect of your experience. and this includes our commitment to being on time. every time. that's why if we're ever late for an appointment, we'll credit your account $20. it's our promise to you. we're doing everything we can to give you the best experience possible. because we should fit into your life. not the other way around.
11:13 am
twitter is expected to report tomorrow after the bell as jack dorsey of course returns to the helm as permanent ceo. the departure of ceo ali rogani last year stirred up some controversy. he joins us this morning from one market. it's great to see you again. good morning. >> good morning, carl. >> a lot to cover with you. as we talk about tech this hour. first off, what's your mission there and it sort of lets us get your temperature as to where we are on late stage funding. what are your thoughts? >> sure, for those who don't know, it is the most successful incue batter of start-ups really ever and it's been around about seven years and we incubate start-ups and support those
11:14 am
companies. what we're looking to do really is continue from an investing point of view, continuing supporting these companies, you know, as they grow. >> it's just interesting, you know, ali -- i was just going to say, we're seeing earnings for the large cap company, revenue and profits slowing for the first time in six years. are you seeing a similar slowdown where you are? >> no, we're not. our real goal is to support as much innovation and as many innovators as we possibly can. there's certain underlie things going on. big picture things in terms of technology that we think are, if anything, accelerating the pace of innovation we've seen. we'll see ups and downs in earnings. we'll see ups and downs in business cycles. but what we're also seeing is technology really infiltrating and changing every krecrevice o
11:15 am
the economy. we think there's a lot of value there other tver the long term. we're very much playing the long game. and business cycle fluctuations quarter to quarter don't really change our fundamental mission. >> give us an example of one of these companies you think are accelerating the rate of innovation. and are valuations anticipating that enough, too much, not enough? >> well, i'll pick a sector. i'll pick a couple companies just to make the point. what we've seen with uber and lift and all the investment and self-driving cars. i think we're on the verge over the next 5 to 10 years of profou profound information, the way basic movement within cities, our country, work. and that's going to have profound implications on the way cities are laid out, on our
11:16 am
energy infrastructure, et cetera, et cetera. i think we're really on the brink of really some profound changes of what we think of as a physical economy that's all been created. i think most of all, has been created by the fact that smart phones, small powerful computer devices, are in everyone's hands, which allows products de entirely new way. >> uber's a fantastic example. we just had this recent report of the amount of money they plan on raising again. the implied valuation of 60 to 70. what do you say to people who say that's ridiculous and what do you say to people the reason they're not going public is because they don't believe the public market will believe them? >> to be honest, carl, i don't have a lot of insight, information about uber. i think it's an incredible platform. what they're doing in places like china and india requires capital and i think is very
11:17 am
exciting. i unfortunately don't have a lot of insight to add to somebody who might be considering an investment in uber. >> do do have a great perspective on twitter. i'm wondering what you think of the recent management developments. when you were there, it was criticized for having too many cooks in the kitchen. have they solved that problem? are they on the right track now? >> you know, i'm a huge believer and supporter of jack dorsey. i think he is absolutely the right choice tore lead the company going forward. i think he's got a unique vision for the product. and he's got an ability to make people believe inside the company and outside the company. and despite a lot of the turmoil the company's seen in the last year and a half, i think that the product is as important, if not more important, than it's ever been. i expect good things. i hope investors will be patient as he puts the company on the right course. >> he's done a u-turn on some elements of management in place when you were there.
11:18 am
i'm thinking specifically of how contrite he was talking to developers last week. do you expect more of those? and does it make you question the way you had the business position prior? >> you know, i expect that jack will, you know, shape the company in the way he sees fit. and, you know, reality's changing all the time. so, you know, if strategies we laid four and five years ago never changed, that would not be a good thing either. so i do expect that jack is going to make big profound changes to the product and the strategy of the company. and, you know, i hope that, you know, those changes will be successful and put twitter on the standing and footing that it really needs and deserves. >> what do you think of the changes that have been made so far, the addition moments, some of the other platforms that are rumored to be coming to twitter? you say as a product it's more important than it's ever been. do you see the innovation on twitter reinforcing that idea right now? >> you know, at this point, i'm
11:19 am
just like you guys, basically a user, and, you know, when i see these changes, you know, i like most of them as a user. you know, i haven't sort of -- i'm not inside the company anymore and i haven't done the sort of analysis about what something like moments could do to the business or, you know, what the sort of internal engagement numbers are. i'm sure they're positive. i have a lot of faith in the team that's there that they'll chart the right course for the future. >> and for those just as -- i mean, if you were to give advice on someone who was considering an investment in twitter, already has an investment in twitter, we talk about the street being addicted to the mau metric. is this more about time spent, number of tweets, engagement per tweet? what number do you watch, will you watch, when they report? >> you know, i think all that stuff is important. i don't think anything you just mentioned is not important to measuring the health of the
11:20 am
platform. i think it's more than just one thing. i think an obsession with any one metric is probably -- probably the n, not the right w to think about it. it's an amalgam of things. some of which is reported, some of which is not. twitter is going to be around for a long time. part of that is how we communicate in real time, one to many, on mobile platforms around the world. so, you know, i don't expect, you know, real sudden sort of changes in twitter's longevity or its importance in the world. >> finally, the steve jobs movie opened over the weekend. did not get such a great box office number. you formally of pixar, have you been disappointed as to the way his life has been represented by hollywood? >> i haven't seen the movie. i read a couple reviews about it. i'll say this, you know, in my experience with steve, he was the most sort of incredible
11:21 am
executive and human being i've ever been around. and i think the best book about steve's life and steve's business legacy, the best movie even about steve, hasn't yet been made. i think the best stuff is still to come in terms of, you know, the -- both the journalism, the history, maybe even the entertainme entertainment, in terms of what's been written about his life, because i think his impact is still -- a lot of his impact is still ahead of us and yet to be seen. >> one reason we keep coming back to his story. vis-a-vis apple and certainly now hollywood trying to make sense of it all, because it was so large, right, and i guess like a ford or an edison, it's going to take decades for us to really fully examine how we changed our lives. >> i think that's right. i think that's right. apple has thrived, you know, since his death, which is a great thing to see, and i think that's in many ways a real testament to him, the team that he built, the strategy that he
11:22 am
put in place. i don't think it's trivial. i think the team there deserves a huge amount of credit. it's not trivial for a company t continue to perform at that high level having lost one of the great business leaders of all time. >> it's good to see you. we congratulate you on your new role. we hope you'll come back more often and talk about what you're seeing out there. >> thank you so much, it's great to be on. >> thanks for joining us. coming up, we are still watching the line forming outside the new microsoft retail store, flagship store on fifth avenue. 22,000 square feet. it's going to open in just minutes. plus, twitter's head of news and elections adam sharp will join us to talk the debate wednesday night. how candidates are using social media and how twitter is using the elections.
11:23 am
11:24 am
11:25 am
11:26 am
let's get to the cme group this morning. rick santelli and the santelli exchange. hey, rick. >> good morning, carl. we've talked about a lot of issues where things are a bit thom topsy-turvy since the crisis. the more i talk about negative interest rates in europe and potentially negative rates coming to a bank near you, and believe me, we've already seen t-bill secondary market and even auctions where that dynamic is true in the u.s. but it's a strange dynamic. consider this of course, if you're lending money, if you're lending money, you like negative interest rates, think of all the sovereigns in the world that are basically getting lots of funds for very little payout to whoever the investors are. but that's only hatlf the equation. what about the borrowers? if you're a borrower and you're getting negative interest rates, you're basically getting paid to take out a loan.
11:27 am
so as the average guy in a mortgage scenario going to be looking at a huge payday, whether it's in europe or the united states? my answer to that is of course not. nobody's going to get this great deal. the more i think about it, here, let's go to the board. many in europe, particularly in italy, port call and spain, especially portugal and spain, when it comes to mortgages, they'll benchmark the rate, and most of it's floating, they'll benchmark a rate on your iybor. which is still a bit positive. and there's an add-on. any of you have borrowed money on floating rate mortgages in the u.s. understand there's some threshold and some added basis points as a cushion in terms of the upside, you know, there's a ceiling, there's also floors to the downside. so one of the issues right off the bat is negative rates are causing a lot of cost issues. systems, programs, legal
11:28 am
documents, legal language has to be updated. but back to europe, okay, so in europe, we haven't got there yet, although there's some relationship between banks in spain and switzerland that has very negative rates due to issues on pegging and unpegging their currency. the long and the short of it is, if your a mortgage holder and you have a negative rate, basically, your institution will pay your interest by deducting it from your principal. see, the reason i think it's going to be selective negative rates is i think all the banks in europe may or may not have benefited because we don't know the final chapter of having access to such cheap capital. will people get a fair deal in getting the same resip riosty in form of things like their borrowing, their borrowing in terms of a mortgage? i think not. there only are a few cases. many banks in europe are looking to the ecb for guidance. the guidance really hasn't been very deep thus far. carl, back to you. >> all right, rick, thank you
11:29 am
very much for that. rick santelli. this is normally the part of the program where we count you down to the close in the uk and across europe but because of daylight savings time ending in europe a week before it does in the u.s., european markets will close in one hour, at 12:30 eastern this week. our clocks turn back next weekend, which means fall is already here. when we come back, at post nine, we'll get the scoop on the nfl game and a lot more on apple. the scene of the microsoft flagship store in new york city set to open their doors in a few moments. (vo) what does the world run on? it runs on optimism. it's what sparks ideas. moves the world forward. invest with those who see the world as unstoppable. who have the curiosity to look beyond the expected and the conviction to be in it for the long term. oppenheimerfunds believes that's the right way to invest...
11:30 am
...in this big, bold, beautiful world.
11:31 am
if you're on medicare, there are a lot of different things you may want from your coverage. here's an easy way to bring them all together into one simple plan. a medicare advantage plan from unitedhealthcare. it can combine your hospital and doctor coverage... with prescription drug coverage and more, for a low monthly premium, or in some cases, no plan premium at all. medicare open enrollment ends december 7th. so call now. our plans include... an annual physical and more for a $0 co-pay. may include a fitness membership and routine vision and hearing coverage. and with our pharmacy saver program, you can get prescriptions as low as $1.50... at pharmacies in retail locations like these. or pay zero dollars for a 90-day supply of tier 1 and tier 2 drugs, with home delivery. the time to enroll ends soon. if you're on medicare, call now to enroll...
11:32 am
in a unitedhealthcare medicare advantage plan. ♪ good morning, everyone, i'm sue herrera. a suspect has been taken into custody after a masked gunman tried to ram his car through the gate of an army barracks in belgian. the gunman initially got away as soldiers fired shots at him. no would be was injured in the incident. the university of mississippi has stopped flying the state flag on its oxford campus because the banner contains the confederate battle emblem. the being an comes days after the student senate and other groups adopted a student-led resolution calling for its removal. fedex says it is bracing for record volumes this holiday weekend. predicting shipments will rise more than 12% over last year to
11:33 am
317 million pieces. online shopping just continues to grow. and yahoo! says that 15.2 million unique viewers watched sunday's nfl game between the buffalo bills and jaguars from london. about a third of that audience was international. for the first time, the game was only available on yahoo! other than the the two home markets of the team. everybody was waiting to see how many people were going to watch. that's the cnbc news update at this hour. back to "squawk alley." >> joining us this morning, cara swisher, executive editor of rico is here. john hurd of course back in san francisco at open world. we've the good ea. we've got earnings tomorrow. and then steve jobs movie, not a good open. >> nobody wanted to see it. >> have you seen it? >> i have not seen it. >> it's a little -- >> he didn't think it was
11:34 am
fair -- >> i think if it was a good movie, it would have done well. "the social network" was a good movie even though that wallace not the person i know. >> the previous steve jobs movie. that was a wwhimper, not a bang. >> the acting was fantastic, it just wasn't a great movie. i think steve jobs fascinates all of us. maybe he doesn't fascinate the movie viewers. but i do think it was because of the way it was constructed. these three strange launch events. the daughter. meeting the same people. it was a little -- i got, you know -- i think about texting during a movie and i texted a lot during the movie so i don't know. >> we got a lot of suppliers having a miserable day again. once again, the health of the cycle, the phone cycle, is in question. do you think q4 has
11:35 am
disappointments? >> no, i think it's been very strong for apple. think they'll turn in another great quarter. i think the question is how many of these tvs they're going to sell, if this is a good enough upgrade. there's a siri thing in there. there's a bunch of stuff around the remote control that's cool. there's an app. they're basing it around apps. but i'm not sure it's an upgradable thing. we'll see. >> in the third quarter, specifically, apple has a different fiscal year, but for a calendar third quarter, you have apple music coming online. you have a couple weeks of iphone 6-s preorders. and then we heard in august from tim cook in that e-mail to jim cramer. china activation has held in there. when you look at what the quarter itself should look like, you think strength itself is going to be broadly -- >> i think the question is what they -- it's early in this upgrade cycle. people seem to be upgrading to this phone. it's gotten great reviews. i've seen it around a lot too.
11:36 am
i've not upgraded. i'm not sure why. it's not enough for me to upgrade. at the same time, they've got some strong products. the question is, is apple music, how well it's doing. they seemed to be saying it's doing well. i'm not clear if it is. again, it's not something -- i don't know if you use it. >> it's certainly a higher pressera ag percentage of paid users than a pandora -- >> we thought it was going to be a block buster. >> john, go ahead. >> to keep in mind, to keep in mind, around apple earnings, apple music, that stuff doesn't matter at all. as far as the new iphone is concerned, only about two days worth of that is fit into the calendar third quarter. the rest of it's going to be in q4. that's unusual. it hasn't typically been that way. the iphone number is one to watch in this calendar q4 because it doesn't have the benefit it usually does from the new phone so it's a tough comp. if the mac did well that could
11:37 am
provide a little bit of an extra boost. really, it's going to be about the guide, it's going to be about q4 and any color they give around that and the inventory they have of this new phone. >> apple music is not really their big business. >> it's a collective effort. >> it is. it's more of a perceptual thing they can sell anything and you'll buy it kind of thing. it doesn't matter to their bottom line. the big deal is the phones. >> i like some of the downgrades today for like a michael kors. part of the argument is women specifically are spending less on handbags and more on electronics -- >> they need something to put the phone in, unlike the guys do. >> i'm not the expert on the handbag issue. >> next up, yahoo! streaming that nfl game entirely online. 15.2 million unique views. 30 million streams. espn says streaming goes smoothly for nfl yahoo!. "washington post" says hey nfl no one likes the yahoo! broadcast of bills/jaguarings.
11:38 am
there was some complaint about buffering and pixation. for a company that's bragged about 800 million users, is this a good number? >> it's not really the number. they pushed it to anybody on their homepage. so i think the question is how many people actually used it. i think it's more like 2 million is some estimates, not 15 million. they're calling any number they got. the question is who actually watched it for the length of time. it was an odd time of day. there's the issue of the quality of the stream. yahoo! has had some technical problems obviously. >> some of the complaints like the fact you have to go through the yahoo! site, that there was a buffering issue at points depending on your network. some of that didn't seem yahoo! specific. were twitter were to win rights to streaming, would we have a different conversation? >> i think yahoo! has technical issues. i think tv works good, right. tv seems to work good and work well. i think, still, viewing on the
11:39 am
internet, except for, you know, when you have something like a netflix or things like that, but live events are much harder and it's a very difficult technological challenge. it's a question if people are actually going to be watching it a lot. >> guys, again, i think the very fact we're talking about both sides of this, this is a win for yahoo!. it's especially a win for the nfl. they know this can work. sure, maybe there are going to be some buffering experiences here and there. some difference in how people perceive the game. that happens with cable and satellite. some people have, you know, their connection going out. this is definitely a win. the question is can yahoo! continue to pick up this game or does it end up going to a youtube which is set up to do this. does it go to a facebook? i think they're going to be more competitive when it comes up again because they have the resources. they certainly have the money to pay. they have broader audiences to show this sort of a thing. >> i don't know. i think it was expensive. >> 20 million?
11:40 am
>> back in ads? >> yeah, exactly, i think it was very expensive and very showy and very typical of this leadership. just like community, $42 million writeoff. i mean, i'm sorry. >> the fact you have the yahoo! insignia. branding alone, does that help you make up the 20 million? >> no, i think it's -- it's a great idea if you're a facebook or google or other big platform. she's got to make these attempts in content and make big swings but these are big expensive swings and just the way community was and everybody touted that. it was a great show. again, a $42 million writedown is a $42 million writedown. >> we'll see. the journal today pretty pessimistic on -- in general, especially with the results coming out tomorrow. good to see you. thank you very much. cara swisher joining us on set as always. when we come back, how the candidates are using social media to their advantage or disadvantage. proud of you, son. ge! a manufacturer.
11:41 am
well that's why i dug this out for you. it's your grandpappy's hammer and he would have wanted you to have it. it meant a lot to him... yes, ge makes powerful machines. but i'll be writing the code that will allow those machines to share information with each other. i'll be changing the way the world works. (interrupting) you can't pick it up, can you? go ahead. he can't lift the hammer. it's okay though! you're going to change the world.
11:42 am
11:43 am
coming up, your strategy for this huge week for stocks, earnings and the fed and so much more on tap. plus, why is billionaire sam zell selling some of his real estate portfolio? what does that mean for the market? we're going to ask an industry expert. and what the move in one of apple suppliers could mean for that stock ahead of that. twitter expecting another
11:44 am
spike in candidate conversations. our guest is the head of news at twitter. you got some news regarding the cbs debate that follows in november, right? >> november 14th will be at drake university in iowa partnered with cbs to look at some of that real-time data you're talking about. where that public live conversation is reacting to the candidates on stage. >> we all know how twitter adds value as a second screen with the oscars and a super bowl. what is it about a debate that lends itself to engagement on this platform? >> politics is about coming out into the town square, stating your beliefs, arguing with your neighbor and working as a community to reach' decision. so being that public live conversational platform that twitter is, we are seeing massive amounts of people coming to the platform to have those conversations and have the reactions around the debates.
11:45 am
>> draw the line between conversation and prediction. how close are we for twitter being an accurate source of polling for instance? what can candidates take away from it? >> satellites never replace the thermometer in weather forecasting and twitter's not going to replace polling but the more tools we have, the easier it is to predict a complex ecosystem. one of the things we do see is a correlation between conversations about candidates and performance. if no one's talking about you. that's where you have to be looking a little bit deeper than overall volume. >> give us a moment that had a big spike in tweets, and is that generally seen as a positive or negative? >> if you look at the debates so far, we've spoken about how you can almost look at the candidates as stocks where they each have these levels of resistance and support. each of these debates, there's an upper bracket of conversation, a lower bracket. you look for when the candidates cross paths.
11:46 am
in the republican debates, we saw huckabee and christie spike up but then they were right back where they were. carly fiorina, you saw her slowly build over the debates and come out of the debate with a new momentum of conversation that was indicative of where she went in the poll notice din the twitter. is there room for all of these networks in a campaign? if so, how is twitter used differently than a snap chat? >> if you're a candidate, you should be going anywhere voters will listen to you. so our platform, other platforms, the coffee shop, the stump on the corner of the street. but i think what's unique about twitter is that public real-time conversation. the fact that with those debate stats we talked about, you can see that happen in real time and
11:47 am
candidates can respond and engage in real time. last democratic debate, the third most active candidate in terms of engagement was donald trump. he wasn't even on stage. he was able to insert himself in a debate where everyone was talking about him and actually respond without weighting for the morning shows the next day, without waiting for the opportunity to be called upon by a moderator at a future debate. the fact that end comes can have that direct conversation with the electorate, to have that handshake look in the eye moment from wherever they might be has added a new level of authentici authenticity. >> is that a function that twitter has? >> any candidate can replicate that. you've seen several do that. rand paul also live tweeted that last debate. i think the most important thing to stress here is authenticity. you know, users want to hear
11:48 am
directly from the candidates. they have an incredible sense of when it's that canned sound bite. what's working so well for several candidates is when they tweet themselves and have the conversation directly with the voter and not just putting out a press release. >> would you say trump is winning social media now? >> on the republican side, he's been the one using it most effectively. on the democratic side, you've been seeing both candidates using it pretty heavily. some of the lower polling candidates using it to get their shots in. >> when you see a food fight like the one we had between trump and bush on twitter specifically, to you applaud that? or is there some point at which it erodes the quality of discourse? >> i think what's important about twitter with that 140 character limit, it does steer the candidates towards a certain succinctness and clarity of message. to dispel some of the spin and get to the point. when you see those tiffs come
11:49 am
up, one of the nice things you see in it, they are absolutely clear on the nature of the attack. there's no beating around the bush. you see exactly what these candidates are seeing. exactly what they're reacting to. it's that authenticity and direct connection to the campaigns that's so unique about twitter. >> we're going to watch it closely on wednesday. good to see adam sharp of twitter. you'll hear from all the gop candidates. our presidential debate. coverage at 5:00 p.m. eastern time. don't miss it. >> microsoft's doors have opened at its first flag ship store. midtown manhattan . you're looking at a live shot inside the store. tickets to a concert. you can see all of the employees in their bright uniforms clapping and welcoming employees. we just talked about yahoo!'s
11:50 am
big bet on nfl with cara swisher. that's a big and expensive bet right there. we'll see how it turned out. next up, the heated competition in the payment space. sure, tv has evolved over the years.
11:51 am
it's gotten squarer. brighter. bigger. thinner. even curvier. but what's next? for all binge watchers. movie geeks.
11:52 am
sports freaks. x1 from xfinity will change the way you experience tv. samsung is countering rival apple by launching samsung pay. mary thompson joins us now from the money 2020 conference in las vegas where she caught up with the man spearheading that
11:53 am
development. >> you know, earlier today when we sat down with the global co-gm of samsung, the first question is how many of the company's u.s. phone clients are using samsung pay. he said the early read on the beta group the company is following is pretty good. >> over 90% of the people we surveyed said they would definitely continue to use and they would even recommend to their friends. >> now that's key for samsung as it's trying to stop clients from defecting to apple. it see s its service is generating loyalty over clients. using swipe cards and near field communications or nfc technology. apple pay remember is only accepted at nfc-enabled terminals. still, clients aren't adopting these mobile wallets very quickly and we asked co why.
11:54 am
>> a lot of times, people like my wife who is very keen on continuing to use plastics. but at the same time, i don't think that our technology so far has unlocked potential of universal acceptances. >> here at money 2020, participants see lots of chances to disrupt the national services. calling it a good first step for the phone company to get into this field. >> this is great way for us to start getting involved. understanding the complexity and the rules and regulations and trying to make sure we become better organizations in servicing our customers. >> now, for the full interview with thomas ko, go to cnbc.com. coming up on power lunch, we're going to be speaking with the ceo of the global remittance giant western union. we're going to have the ceo coming up on "power lunch" later
11:55 am
today. >> quite a lineup from vegas. coming up, we may have a new $60 billion to $70 billion valuation for uber. more on that up next. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years.
11:56 am
now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and virtually no referrals needed. so don't wait. call now and request this free decision guide to help you better understand medicare... and which aarp medicare supplement plan might be best for you. there's a wide range to choose from. we love to travel - and there's so much more to see. so we found a plan that can travel with us. anywhere in the country. [ male announcer ] join the millions of people who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. remember, all medicare supplement insurance plans help cover what medicare doesn't pay. and could save you in out-of-pocket medical costs.
11:57 am
call now to request your free decision guide. and learn more about the kinds of plans that will be here for you now - and down the road. i have a lifetime of experience. so i know how important that is.
11:58 am
"the new york times" reporting this weekend that uber is now seeking a $60 billion to $70 billion valuation as it goes out to raise another billion dollars. the company was last valued -- well, it was valued at $18 billion in june of last year. its last valuation in the private round, over $50 billion. which seemed like a staggering number, but when you think about how fast this number is growing, raising $1.2 billion for china, $1 billion for india. we don't know exactly where this money would go, but they're trying to expand uber rush, uber eats and a whole host of products. we reach out for the company for comment. we'll let you know when we hear something. >> calling themselves eighth graders, don't expect them to go to college very soon. the valuations on uber continue to climb. we thought 51 was big. now we're talking 10 or 11 more
11:59 am
than that. meantime, apple, this story out of dialogue semiconductor which is a power management chip vendor way down in europe. they pre-announced a miss. 75% of dialogue's revenue. makes one reason you're seeing apple down 3%. kind of hard to ignore. >> some people are saying maybe it was overbought, maybe it was the correction they needed going into earns. there are a lot people talking about this stock. >> tomorrow is a big day for earnings. tomorrow specifically are alibaba, apple after the bell, twitter after the bell, along with a bunch of other well-known names like panera, u.p.s., ford, merck, pfizer. >> zero rocxerox getting a lot attention. confusion about when it said it would do a strategic review. the company said we're not looking for a sale but i think investors are trying to find a
12:00 pm
fine point on what xerox could be valued at. >> let's get over to scott wapner. he's got the half back at hq. >> all right, guys, thanks, welcome to the halftime show. let's meet our starting lineup. joe terra nova is here, jim liventhal, josh brown. housing top. why billionaire sam zell is moving out of part of his portfolio and what it means to your money. we'll ask industry expert bill palti. the apple trade. with the stock suffering trou its worst day in a month, can it get back on track with earnings looming? we begin with a week for the markets. twitter, dow, dupont, merck, alibaba, so many more reporting along with apple. then there's the fed meeting. and all of it

9 Views

disc Borrow a DVD of this show
info Stream Only

Uploaded by TV Archive on